Markets trade lower after initial optimism ahead of RBI policy decision

Sensex and Nifty were trading little amid RBI caution, overseas money outflows connected February 6, 2025.

Benchmark indices Sensex and Nifty gave up aboriginal gains and were trading little connected Thursday (February 6, 2025) amid caution up of the Reserve Bank of India’s (RBI’s) monetary argumentation determination and caller overseas money outflows.

The 30-share BSE benchmark Sensex climbed 280.38 points to 78,551.66 successful aboriginal trade. The NSE Nifty went up 77.25 points to 23,773.55.

Later, some the benchmark indices gave up aboriginal gains and were quoting lower. The BSE benchmark traded 126.78 points little astatine 78,141.80, and the Nifty quoted 42.85 points down astatine 23,653.45.

From the 30-share blue-chip pack, Mahindra & Mahindra, Titan, Tata Steel, ITC, NTPC, Bharti Airtel, HDFC Bank and Kotak Mahindra Bank were among the large laggards.

Power Grid, Bajaj Finance, Infosys, Tech Mahindra, HCL Technologies, Reliance Industries and Hindustan Unilever were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹1,682.83 crore connected Wednesday (Feb. 5) aft a day’s breather, according to speech data.

In Asian markets, Seoul, Tokyo and Hong Kong were trading successful the affirmative territory.

U.S. markets ended higher connected Wednesday (Feb. 5).

“All eyes are connected Friday’s RBI MPC decision, with hopes for a complaint chopped to boost consumption,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd., said.

Global lipid benchmark Brent crude went up by 0.12% to $74.70 a barrel.

The BSE bellwether gauge declined 312.53 points oregon 0.40% to settee astatine 78,271.28 connected Wednesday. The Nifty dropped 42.95 points oregon 0.18% to 23,696.30.

Published - February 06, 2025 10:31 americium IST